Compliance for Insurance Companies
With the ACTICO software module Name Matching Customer (NMC) millions of customer and partner data can be checked with sanctions lists. Find out why a top 5 insurance company in Germany has chosen ACTICO.
About the company
The company, which is one of the five largest insurance companies in Germany, offers its private and corporate customers individual insurance policies and distributes them in several European countries.
Checks of data
Sanction list screening of customers and partners
Insurers face the daily challenge of having to check their customer data against blacklists. In doing so, they meet regulatory compliance requirements, achieve transparency with regard to their customer base, and help shore up their reputation.
Challenge
Recurring checks of data
In order to fulfill their compliance obligations, insurers must regularly check their complete data inventory.
Objectives
- Customer and partner screening against sanctions lists
- Integrating multiple sanctions lists
- Checking massive amounts of data
- Reducing the false-positive rate
Solution
Ensure compliance with ACTICO Name Matching Customer (NMC)
The insurer decided to use the software module Name Matching Customer (NMC) from ACTICO. One reason for this is the possible integration of multiple sanctions lists and thereby the ensurance of high-performance even for extremely high volumes of data.
"My impression is that ACTICO has delivered an all-round trouble free package. We are 100 percent convinced that we've made the right choice with Name Matching Customer software and ACTICO as a partner."
ACTICO Name Matching Customer (NMC)
Screening customer and partner data against sanctions lists – this is how insurers meet regulatory compliance requirements.
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